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Tesla profits decline, faces loss of $702 million in last quarter

Elon Musk's Tesla has faced the loss of $702 million in the last quarter. The revenue of the electric car maker was also declined by 37% as compared to the prior quarter. Analysts already expected the quarter to be 'apocalyptic', but it was worse than expected. After the earnings of the firm were released, Tesla stocks dipped slightly, but then it edged back to even. The last 2 quarters were proved profitable for the firm.